China Eximbank provides $21.695 million loan for supply of construction materials to Angola

$21.7M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Angola
Country	Angola
Start Date	Feb 19, 2016
End Date	Nov 18, 2027
Duration	4,290 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67332`

Grant Description

China Eximbank provides $21.695 million loan for supply of construction materials to Cuba On February 19, 2016, China Eximbank and the Government of Angola signed a $21,695,758.42 loan agreement for the supply of construction materials to Angola.

The proceeds of this loan were used to partially finance a commercial contract worth $25,524,421.67 with an unidentified firm. Military House (Casa Militar) of the Angolan Presidency was apparently involved in the implementation of the project. No additional details are available.

📋 Staff Comments

The Portuguese project title is Fornecimento de Materiais de Construção para Cuba.
This loan is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020.

📚 Sources & References

Parecer sobre a Conta Geral do Estado 2016
Chinese Loans to Africa Database
Parecer sobre a Conta Geral do Estado 2016 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.